HONG KONG — Asian markets rose on Friday as bargain-hunters moved in after the previous session's heavy losses, with investors taking a lead from Wall Street and a positive batch of US data.
The dollar held on to its recent gains after the head of the Federal Reserve on Wednesday hinted that US interest rates could be hiked early next year, sooner than analysts had expected.
Sydney climbed 0.83%, or 44.1 points, to 5,338.1 and Seoul gained 0.80%, or 15.42 points, to close at 1,934.94 while Shanghai surged 2.72%, or 54.14 points, to 2,047.62 after big losses Thursday. Hong Kong jumped 1.20%, or 254.54 points to 21,436.70.
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